Keeping track of financial records can make life easier and more efficient for you. If the event of an emergency, having family members who know how and where to access your records can be a huge help! Stop for a moment and think: Do you know where all your records are located? Would someone else know in case of your injury or death?

Records should be accessible when needed and stored in a safe place. Receipts, documentation, proofs of ownership and identification may be necessary to collect insurance, pension, or retirement benefits, to receive military compensation, and to solve tax or inheritance problems.

This can feel like an overwhelming task but K-State Extension has a great resource to help you collect and document the important information you may need. You can access the document at  https://bookstore.ksre.ksu.edu/pubs/our-valuable-records_MF685.pdf or stop by the office and we’ll print one off for you. 

This document provides space to record everything from bank and investment accounts to health and life insurance information as well as property ownership and tax and legal advisors.

Gathering the information into one place can also be a great time to review ownership and beneficiaries as life can change and the time to change these is not in the midst of a medical emergency. While these discussions can be tough, the Our Valuable Records document can also be a great tool to hold that conversation.

No matter what tool that you use to document your financial records, keeping a copy in a safe or safety deposit box is an important step to protect your sensitive financial information. 

Keep learning. Keep showing grace and kindness!

Michelle Beran is the 4-H and Youth Development Agent for the Cottonwood District, Barton County office. For more information on this article or other 4-H Youth and Development related questions email Michelle at mberan@ksu.edu or call 620-793-1910.